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Wildhorse Company begins operations on April 1 . Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Number April May June Month
Wildhorse Company begins operations on April Information from job cost sheets shows the following.
Manufacturing Costs Assigned
Job
Number
April
May
June
Month
Completed
$
$
May
$
June
April
June
Not complete
Job was completed in April. Job was completed in May. Jobs and were completed in June. Each job was sold for above its cost in the month following completion.
What is the balance in Finished Goods Inventory at the end of each month?
Finished Goods Inventory
April
$
May
$
June $
What is the gross profit for May, June, and July?
Gross Profit
May
$
June
$
July
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